Raymond James Financial Services Advisors Inc. Sells 1,158 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDRGet Rating) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,504 shares of the company’s stock after selling 1,158 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Builders FirstSource were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in Builders FirstSource during the first quarter worth $64,000. PNC Financial Services Group Inc. lifted its position in shares of Builders FirstSource by 37.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,329 shares of the company’s stock worth $537,000 after buying an additional 2,249 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Builders FirstSource by 7.9% in the first quarter. Great West Life Assurance Co. Can now owns 105,236 shares of the company’s stock valued at $6,989,000 after buying an additional 7,745 shares in the last quarter. LSV Asset Management grew its position in Builders FirstSource by 4.9% in the first quarter. LSV Asset Management now owns 143,900 shares of the company’s stock valued at $9,287,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Cibc World Market Inc. raised its stake in Builders FirstSource by 106.0% during the first quarter. Cibc World Market Inc. now owns 8,339 shares of the company’s stock worth $538,000 after acquiring an additional 4,290 shares in the last quarter. Institutional investors and hedge funds own 94.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLDR. BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. StockNews.com assumed coverage on Builders FirstSource in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Zelman & Associates cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Barclays lifted their price target on Builders FirstSource from $80.00 to $85.00 in a research note on Wednesday, December 14th. Finally, DA Davidson downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research note on Wednesday, November 9th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.83.

Builders FirstSource Trading Down 0.5 %

NYSE:BLDR opened at $72.11 on Wednesday. Builders FirstSource, Inc. has a 52 week low of $48.91 and a 52 week high of $78.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.16 and a current ratio of 1.93. The firm’s fifty day moving average is $65.89 and its 200-day moving average is $62.92. The firm has a market cap of $10.61 billion, a P/E ratio of 4.41 and a beta of 1.94.

Builders FirstSource (NYSE:BLDRGet Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $1.67. Builders FirstSource had a net margin of 12.20% and a return on equity of 61.49%. The business had revenue of $5.76 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Equities analysts expect that Builders FirstSource, Inc. will post 17.84 earnings per share for the current year.

About Builders FirstSource

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Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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